The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
Milton FriedmanWhat makes it [economics] most fascinating is that its fundamental principles are so simple that they can be written on one page, that anyone can understand them, and yet very few do.
Milton FriedmanThe problem in this world is to avoid concentration of power - we must have a dispersion of power.
Milton FriedmanFew trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible.
Milton FriedmanWhen you start paying people to be poor, you wind up with an awful lot of poor people.
Milton FriedmanThere is no figure who had more of an influence, no person had more of an influence on the intellectuals behind the Iron Curtain than Friedrich Hayek. His books were translated and published by the underground and black market editions, read widely, and undoubtedly influenced the climate of opinion that ultimately brought about the collapse of the Soviet Union.
Milton Friedman